Frequently asked questions about CDCS Exam What is CDCS Certification? CDCS (Certificate for Documentary Credit Specialists) is a globally recognized standard of competence in documentary credit operations. It is created by the London Institute of Banking and Finance (LIBF) in collaboration with industry experts and managed in partnership with the International Chamber of Commerce (ICC)….
60 CDCS Sample Questions: Challenge Your Knowledge! CDCS SAMPLE QUESTION 1 A Documentary Credit where the value of the credit gets reinstated after utilization is known as: A. Inoperative L/C B. Revolving L/C C. Red Clause L/C D. Green Clause L/C CDCS SAMPLE QUESTION 2 L/c requires shipment to be effected “On or about 25th of Dec 2008. 25th…
CDCS Preparation Tips: Succeed on Your First Attempt CDCS Preparation Tip 1 Understand the Detailed Syllabus, Exam Pattern, and Acquire Relevant Study Materials Syllabus Overview:Before diving into study materials, ensure you have a clear understanding of the CDCS syllabus. Familiarize yourself with the topics covered to plan your study strategy effectively. Exam Format:The CDCS exam…
CDCS Exam Preparation | Key ICC Publications UCP (Uniform Customs and Practice for Documentary Credits) UCP (Uniform Customs and Practice for Documentary Credits) is a set of internationally recognized rules governing the use of letters of credit (L/C) in international trade. It was first introduced in 1933 by the International Chamber of Commerce (ICC), and…
Glossary of Key Trade Finance Terms for CDCS Aspirants Types of Documents Financial documents Financial documents refer to documents involved in the collection of amounts or securing payments in trade transactions. These typically include cheques, promissory notes, and drafts (also known as bills of exchange). These documents represent the financial obligations of one party to…
Our CDCS Online Training Curriculum | CDCS Exam Pattern Explore the Curriculum Below is a summary of the chapters, with a brief description of the content covered in each. Section A: Core Concepts 1. The Sales Contract This section provides the features of a sales contract, categorized as follows: 2. Types of Documents This section…
7 Reasons Why Charter Party Bills of Lading are Risky A Charter Party Bill of Lading (CPBL) is typically issued under a charter party agreement for bulk cargo shipments. High-volume and relatively low-value goods are usually transported through chartered ships, which is cost-effective. For bulk shipments, appropriate Incoterms include FAS, FOB, CFR, and CIF. Although…
Changes in ISBP publication 821 compared to ISBP 745 The International Standard Banking Practice (ISBP) 821, updated in 2023, introduced several key enhancements to align with UCP 600 and incorporate ICC Opinions approved since ISBP 745. Notable updates include:
Why CDCS Training is essential? The Certified Documentary Credit Specialist (CDCS) test is a globally recognized certification focusing on documentary credits. It requires a thorough understanding of key international trade practices and standards. Below is a structured guide to help aspirants prepare effectively. Key Study Areas To succeed in the CDCS exam, candidates must master…
